Quick Answer: What Is An Underlying Need?

What is the meaning of underlying asset?

Definition: An underlying asset is the security on which a derivative contract is based upon.

An underlying asset can be a stock, commodity, index, currency or even another derivative (E.g.

volatility index, VIX) product..

What is the meaning of immediate cause?

Immediate Cause. The final act in a series of provocations leading to a particular result or event, directly producing such result without the intervention of any further provocation.

What are the 4 main customer needs?

There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.

How do you use underlying?

Underlying sentence examplesThe fossils are few, and in some cases probably derived from the underlying formations. … Tests gave no indication of an underlying cause. … The fact that an unprecedented number of earth’s inhabitants today live in poverty is an indictment of governments, not a reflection of some underlying natural limit.More items…

What’s another word for underlying?

Underlying Synonyms – WordHippo Thesaurus….What is another word for underlying?basicfundamentalessentialelementalprimaryprimerootcardinalintrinsicprincipal229 more rows

What does underlying principle mean?

adj being or involving basic facts or principles “underlying principles” Synonyms: fundamental, rudimentary basic. pertaining to or constituting a base or basis.

What is the meaning of underlying?

underlying. The obvious meaning of underlying refers to something beneath something else. But the word carries a more subtle meaning, that of something hidden but important, something that shapes the meaning or effect of something else, without being explicit itself.

What does underlying mean in finance?

Underlying, when referred to in reference to equity trading, is the common stock that must be delivered when a warrant is exercised, or when a convertible bond or convertible preferred share is converted to common stock.

What are secret needs?

Real: what the stated needs actually means; what value the customer is going to derive from the stated good or service. Unstated: what the customer expects implicit with the good or service. … Secret: needs that the customer does not express, largely because they’re intangible.

Is it underlying or underlining?

Explanation: Underlying refers to something that lies beneath — the beliefs that underlie an argument, a motive that underlies an action, an issue that underlies a problem. Underlining is something you do to make something stand out.

What is the meaning of underlying cause?

adjective. The definition of underlying refers to something lying beneath, or the basic or root cause of something. A layer of minerals in the soil is an example of underlying minerals. A lack of educational opportunity is an example of an underlying cause of poverty.

What is the difference between immediate and underlying causes?

An immediate cause is the direct, obvious cause of the incident, usually as an unsafe act or condition, such as not wearing PPE. The root or underlying cause is the events or condition that allowed the immediate cause to develop, such as poor company culture and management controls.

What are 3 important things every customer wants?

The 3 Essentials Customers Want MostListen. All too often organizations develop products and services, without first considering the wants and needs of customers. … Deliver. … Adapt.

What does it mean when a customer has underlying needs?

When “needs” are mentioned in relation to conflict resolution, we aren’t talking about, “I need that new pair of shoes,” or “I need the video game coming out today!” “Needs,” also known as “underlying needs” or “basic human needs,” refers to those things that allow us to survive and thrive as human beings.